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- France consumer confidence remains unchanged in September
France consumer confidence remains unchanged in September
The INSEE reported
on Tuesday that the households’ confidence in the economic situation in France was
stable in September.
The consumer confidence
synthetic index came in at 95, unchanged from an upwardly revised 95 in August (originally
94). The latest reading was above economists’ forecasts for 94 but below its
long-term average of 100.
According to
the report, the households' opinion balance on their future financial situation
increased two points to -5 in September, while the balance related to their
past financial situation fell one point to -16. The balance of savings
intentions climbed nine points to 34, recording advance for the fifth
consecutive month. Meanwhile, the households’ opinion balances related to their
current and expected saving capacity rose by 1 point each to 23 (current) and 6
(expected) respectively, both remaining well above their long-term averages. The
households’ opinion balance about the future standard of living in France improved
by five points to -47. The households' fears about the unemployment rose slightly,
with the corresponding balance edging up one point to 70.
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